Taxation Travails
While posts on WhatsApp would have us believe that taxpayers, who are allegedly in a minuscule minority, are a muchharassed lot, the Government pushes a diametrically opposite narrative viz.
While posts on WhatsApp would have us believe that taxpayers, who are allegedly in a minuscule minority, are a muchharassed lot, the Government pushes a diametrically opposite narrative viz.
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The LG asked the Delhi government to present the Annual Financial Statement (Budget) in the Assembly so that it could be discussed and passed expeditiously in the larger interest of the people.
Describing the budget as disappointing, BJP state unit president Rajiv Bindal said: “The capital expenditure has been reduced to Rs 6280 crore in the financial year 2024-25."
Karnataka Chief Minister Siddaramaiah is all set to present the state budget on Friday in the Assembly here.
On Thursday, Union Finance Minister Nirmala Sitharaman will table the interim budget before the country heads for Lok Sabha polls later this year. This will be her sixth Budget as the Finance Minister and last in the second term of the Modi government.
According to the reports, the experts have suggestions to extend the concessional corporate tax rate of 15 per cent for new manufacturing companies by another one to two years.
The growth will be riding on the strength of its financial sector and other recent and future structural reforms and can aspire to become a $7 trillion economy by 2030.
The ailing tea industry in Assam needs proper promotion, particularly overseas, so that it can tap new markets, according to Nalin Khemani, Chairman of Bharatiya Chai Parishad.
In the upcoming interim budget, the government is likely to follow the fiscal consolidation path and may announce a fiscal deficit target of 5.3% of the gross domestic product (GDP) for 2024-25 (FY25), said Goldman Sachs on Friday.
